The american world war ii economy and afterwar restructuration
The American World War II economy
And after war restructuration
This research paper aims to understand the impact of political economy of warfare on American industries during World War II. Therefore, I will try to analyze how America has mobilized its economic resources for war and defense, and how after the war, the country restructured its economies.
Introduction
December 7th 1941, Japan attacked U.S. naval base of Pearl Harbor in Hawaii. The surprise attack changed the United States public opinion from isolationism to support direct participation on war.
President Franklin D. Roosevelt created agencies like the War Production Board, the War Manpower Commission and the Office of Price to control mobilization and regulate the economy.
Mobilizing for war permitted United States to reach production record. By 1944, was produced one ship every day and a plane every 5 minutes.
In the coming parts we are going to see how the government involved industries and helped them avoid bankruptcy after the war.
United States needs for 2nd world war
In order to fight on both sides, Japan in Pacific and Axis in Europe on the same time, the United States needs in military equipments were huge and needed to be rigorously planed.
1 Government agencies
Preparing for possible entry on hostilities, President F.D. Roosevelt reactivated World War I National Defense Advisory Commission (NDAC) in order to prepare the civilian economy. At that time (1939) the U.S. citizens were still pretty much for keeping being isolated of the growing conflict.
F.D. Roosevelt anticipated the change of mind of the country preparing the economy to face a worldwide conflict. This agency presented several advantages but especially one: economic mobilization could start without the undesirable legislative process. It consisted of commissioners in charge of industrial production, raw materials, employment, farm products, transportation, price stabilization, and consumer